0 relating to microeconomics (= the part of economics that studies individual markets and businesses, or how individual people spend or earn money):
a microeconomic analysis
And there are the broader issues of macro- and microeconomic policy that play important roles in establishing savings levels.
The reason for scaling was to make the variances of the individual incomes closer to those reported in the microeconomic literature.
As with standard microeconomic models of markets, the demand and the supply of assets are assumed to be functions of the asset price.
This work represents one of the best articulated descriptions of the microeconomic foundations of poverty traps.
The model is consistent with the following microeconomic assumptions.
The aggregation procedure is based on heterogeneous firms each with a microeconomic noncontinuous market entry/exit switching behavior.
By contrast, the behavior of aggregate data over the business cycle is not consistent with these microeconomic estimates.
We need no further information about the explicit motive for holding money to deduce that result in microeconomic aggregation theory.
